Updated Dec 4, 2024
Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte
268 Northwest 34th Street
$2,610,000
$468/SF
Building Size
5,574 SF
Asset Type
MultiFamily
Closing
May 15, 2024
About this deal
AI
The multifamily property located at 268 Northwest 34th Street in Wynwood Norte was sold for $2,610,000. This property comprises 10 units with a total area of 5,574 square feet, resulting in a price per unit of $261,000 and a price per square foot of $468.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Units: 10
- Price per Unit: $261,000
- Square Footage: 5,574
- Price per Square Foot: $468
- Address: 268 Northwest 34th Street
- Market: Wynwood Norte
The sale of this property was facilitated by Juan Sotolongo and Jesse Spencer from Compass, who represented the parties involved in the transaction.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93